Higher returns

Southern investors are looking

north
to the Queensland
Mr Newlands
said clients property
had
market
as
Sydney
and
Melbourne
commented about the expensive
markets
too and
expensive to
price tagsbecome
in Sydney
gain
a foothold.
Melbourne
and they were
attracted to the higher returns and
While
BIS Shrapnel
the buzzthe
andlatest
new infrastructure
report
warning
Sydney
around the
Gold Coast
ahead ofand
Melbourne
house prices will
start
the 2018 Commonwealth
Games.
to fall in 2016-2017 as interest
rates
start
to rise,have
Brisbane,
the
Chinese
investors
also been
Gold
andthe Sunshine
piling into
Gold Coast Coasts,
are
emerging
as as the
apartment
market as well
more
attractive
destination
for
funding their own developments,
investors.
with over $600 million worth of
Gold Coast development sites
Despite
a flat jobsbuyers
market
in
sold to Asian-backed
in the
south-east
past year. Queensland as the
mining boom comes off the boil,
Brisbane's
median report
housefound
price of
The BIS Shrapnel
$475,000
is
looking
a
lot
Queensland would largely bemore
affordable
than
Sydney
insulated from the
dip in house
($785,000)
andstates,
Melbourne
prices in southern
with
($527,000).
further interest cuts later this year
expected to make Brisbane homes
Iteven
might
be a while off from
affordable.
repeating the hordes of Victorians
who
fled north
during
theprices
mid-toBrisbane's
median
house
late
buttothere
were1990s,
expected
growisbydefinitely
a total
an
uptick
in
interest
13 per cent over the next threefrom
investors
as apartments
Australians will
focus
years, while
riseon
the
Sydney
property
"bubble"
and
by 6 per cent.
when it will burst
CoreLogic RP Data released on
Wednesday found Brisbane had
the highest investment yields of
the major metropolitan markets
for both houses and apartments.

Sydney's valuations are now 80

Southern
investors
are looking
per cent above
Brisbane,
north
to
the
Queensland
property
according to Corelogic's head
of
market
as
Sydney
and
Melbourne
research Tim Lawless. He said the
markets
too expensive
last time become
that happened
in 2002- to
gain
foothold. prices took off.
2003,a Brisbane's
WhileGrowth
the latest
BIS Shrapnel
projections
report
warning
Sydney
REIQ chief
executive
Antonia and
Melbourne
house
prices
will start
Mercorella said the growth
to
fall in 2016-2017
as interest
projections
for Queensland
homes
rates
start
to
rise,
Brisbane,
and units was very encouraging.the
Gold
and Sunshine
This is despite
a sluggish Coasts,
are
emerging
as the the
employment market with
more
destination
for
state'sattractive
unemployment
rate staying
investors.
persistently high it was 6.7 per
cent in May after the collapse of
Despite
a flat coal
jobs price.
market in
the international
south-east Queensland as the
mining
boom
comes
the boil,
"Brisbane
offers
someoff
excellent
Brisbane's
median
house price of
opportunities
for owner-occupiers
$475,000
is looking
lot more
and investors.
This is ina stark
affordable
Sydney
contrast to otherthan
markets, such
as
($785,000)
and
Melbourne
Sydney and Melbourne, where
($527,000).
rapid price growth is a cause for
concern," Ms Mercorella said.
It might be a while off from
repeating
the hordes
of good
Victorians
She said there
was also
news
who
fled
north
during
the
mid-tofor the neighbouring Gold Coast
late
butCoast
theremarkets
is definitely
and 1990s,
Sunshine
with
an
uptick
in
interest
future price growth expected from
to
investors
as Australians
focus
on
reach 13 per
cent and 12 per
cent
the
Sydney property "bubble" and
respectively.
when it will burst..
The Brisbane apartment market
has been hot for some time, with
the BIS Shrapnel report saying the
Queensland capital will be the

only city where apartment prices

will be stronger in 2018 than they
are today.
Gold
Coast real estate agent John
Newlands said he had been
More than $742.9
inundated
with million
calls worth
from
of
apartments
were
purchased
in
southern investors in the past few
Brisbanelooking
during the
months
to March
buy north of
quarter,
according
to Place
the Tweed.
Advisory, which is 200 per cent
above
average
forcome
the
"In
the the
old10-year
days they
used to
city.with their suitcases and buy a
up
similar house and have a bag load
Brisbane
Rob
of
money real
left estate
over,"agent
Mr Newland
Holcombe, who runs Bees Nees
said.
Reality in South Brisbane, said
southern
chasing
"There
is investors
still a bit were
of that
because
bigger yields
and cheaper
Brisbane
house
prices prices
haven't
in Brisbane.
caught
up [to Sydney and
Melbourne] but we are starting
"They
primarily
investors
and
to
see are
more
investors
come back
most
are
buying
with
a
view
to
from interstate, especially in the
capitalmarket.
gain. They
see better
unit
They
have been
prospects
for
returns
up
here,things
not
absent for a while because
to mention
have
been it's
so more
good affordable,"
in their own
he
said.
state. But there are definitely
opportunities up here now."
"They come up here to buy our
property, they just can't admit to
supporting our football team."